Friday, 22 June 2018

Morning present for haters

I think I got so many haters now because I'm not interested to join the PH choir.

Well, what to do.

It has always been hate that got them going over the years.

For them, I'm putting the entire statement by Najib on Guan Eng's TRXC statement as a morning present.

Hopefully they read it to dilute the hate a bit.

21 June 2018

While I am happy that the government has now decided to continue with the Tun Razak Exchange (TRX) project which will bring tens of thousands of new jobs and establish a world-class financial center right here in Kuala Lumpur, I want to point out that Finance Minister Lim Guan Eng has been spreading half truths and outright lies in his statement today about TRX City Sdn Bhd (TRXC), the owner of the 70 acre TRX and 486 acre Bandar Malaysia land and projects.

The take-over of TRXC by MOF Inc for a nominal sum of RM1 effective 31 March 2017, was a key step in the broader 1MDB rationalisation plan. After taking over the two prime assets, MOF Inc then assumed payment of certain 1MDB liabilities from 1 April 2017, in return for the asset transfer.YB Lim himself admits that even with a further “up to” RM 2.8 billion injection by MOF Inc, the TRX project will be worth at least RM7.8 billion and show a profit.

Surely it cannot be called a bail-out if the money is to be used to generate a profit? However, whilst YB Lim Guan Eng conveniently lumps together Federal Government commitments of RM 3.7 billion for both the TRX and Bandar Malaysia projects, he fails to highlight the significant land asset value contained in both projects, and in particular the Bandar Malaysia project. If properly planned, marketed and developed, the Bandar Malaysia land alone could be worth RM 30 billion.

More importantly, no monies from TRXC were misappropriated by 1MDB. As practiced by many companies, approx RM 3 billion of inter-company loans were made, over time, by TRXC to 1MDB. All these inter-company were repaid by 1MDB effective 31 March 2017, through a combination of cash repayments and a set-off against dividends paid by TRXC to 1MDB.

These repayments were carried out with the approval of MOF Inc and were properly reviewed and signed off by the auditors of TRXC in the 31 March 2017 financial statements.

Since the TRXC was owned 100% by 1MDB which was in-turn, owned 100% by MOF, surely 1MDB cannot be stealing RM3 billion from itself to service its own loan?

Once again, I caution YB Lim Guan Eng against making such factually incorrect statements as part of the PH's political vengeance against me and the previous BN government.

Not only is it unprofessional, it spooks investors in the currency, bond and stock markets. Surely the well being of our economy is much more important than the issuance of politically motivated statements?

Well some comenter just explained in detail to Annie about TRX but here she go again. Well critisizing kleptomaniac or explaining umno scandal to the die hard supporters is a waste of our time. At this moment to them 1+1 =3 when it concerned Najib and umno. Syabas carry on. PRU14 a lesson never learn. Mr Bongkak always remained Bongkak.

It’s nice that someone is willing to put up the counter argument- like it or loathe it but there’s free speech. Anyway isn’t it more interesting to dialogue with someone who has an opposing view ? Instead of getting together and berbuih buih kaki angkat ?? At least it makes you think. So keep at at Annie. Although sometimes I get a feeling you like to take the other side just to be provocative- but hey it’s your blog !

In the interest of people who are scared about the stock market impact of PH win and LGE comments, it’s useful to note how the KLCi has performed this year (aka YTD in my business:) by comparison to our asean neighbours:Singapore: -3.65%Malaysia: - 6.25%Thailand: -6.80%Indonesia: - 8.39%Phillipines: -17.06%

Now of course we can choose any comparison time to try to bias the returns to make a point so that’s why we use the calendar year to date as a relatively unbiased and standard measure.

The data above is current as of 22 June 9.27am....so you have the info to make up your own minds

I don't think many of your blog visitors hate you lar... maybe flabbergasted with some of your arguments and reasonings, yes, but not hate lar. That would be silly and unproductive. Different opinions based on solid facts and objective analysis should be always be welcome. Of course, I think you can deny many of your critics and "haters" a basis or grounds for their criticism and hate against you if you base more your arguments and propositions on solid facts and objective analysis than on Najib the Corrupted One's statements :D

Finally, I read the statement you posted from Najib the Defiled One. Gosh, it just makes me hate him even more. So yeah, his statement has helped deepen my support of Guan Eng the Savior. Go Guan Eng Go! :D

People don't hate you darling. They are just saying the opposite of what you have said. They are being critical. Critcizing is not hating. Take it easy sweetheart. We all know how much you love Najib, Rosmah and BN but we don't hate you at all.

Stay calm ya. Listen to all the good songs or give yourslef regular breaks to the beaches or even to DAP's Penang for nasi kandar dan rojak buah cina.

Najib and brader share something in common for their different interest. It is best for them to remain silent.

First create company hantu. Then govt give blanket guarantee for this hantu so they can borrow up to 42 000 times more than their capital.

When this hantu company fuck up and no longer can service their loan, they transfer the hantu ownership to govt. With an assumption that people are so stupid, believe how come a subsidiary company can steal from their holding parent and hoping people will believe he is a victim of mega fitnah.

Annie copied his statement to show she talk sense but by believing this crook story show how ignorant and stupid Annie to understand about economy and business.

Annie, no doubt you r good in writing. But it doesn't make u relevant when writing something that u have no idea about. It just make u look stupid and people jump into conclusion u r just a lame duck bn cytrop

"When this hantu company fuck up and no longer can service their loan, they transfer the hantu ownership to govt."

Always the way with Najib scams.

Also:

"More importantly, no monies from TRXC were misappropriated by 1MDB. As practiced by many companies, approx RM 3 billion of inter-company loans were made, over time, by TRXC to 1MDB. All these inter-company were repaid by 1MDB effective 31 March 2017, through a combination of cash repayments and a set-off against dividends paid by TRXC to 1MDB."

Same bullshit line this Bugis pirate tried with every failed cover-up under 1MDB.

Exactly the same.

Remember Arul and his "we are fully capable of meeting our debt obligations with no help from MOF"?

LOL...

Anyway even though Annie is a very lame Neutral Unpaid Blogger, she is still very cute when she merajuk.

Don't worry too much about hatred Annie.Whether they hate you or love you it does not matter.What is more important is there are many readers of this blog from both sides.As an opposition it is our duty to pressure the government to perform well.If they fail,we are more than willing to take over after all the mess left behind by the previous government have been cleaned up.I guess most of us who response in this blog are not full time politicians.We do not get direct benefit from any party that we support.We simply enjoy reading this blog and response to the issues raised by Annie.Prof Kangkung

Quote; if they fail, we are more then willing to take over after all the mess left behind by previous government have been cleaned up.

Who that we ?. Thus this sound like you admitting that Najib government had create a mass , that PH is doing the cleaning now .

It's good to learn that Najib supporters do admit that Najib has create a mess but only Annie and Najib still in denying mood .Really bad ,when you are told that you are been wrong still repute it, when all the fact telling you otherwise .

When BN was up rooted during GE 14It spooked the marketThe price correction is healthy though it did not benefits short term investorsLGE's action as FM did not trigg er capital flightOnce bottomed out the nation's trust deficeit will be balancedEven Japan is positive with the soft loan request and FDI will follow suitThe small returns from this mega investment does not absolved mismanagement of public fundSomeone has to accounts for it

I believe Najib more than that Idiot hair full of cream Lim Guan Eng. He is making such a mess and he's tunnel still need explaining to do. Dont you even wonder the tunnel budget keep changing. How can anyone have confidence if the MOE is such an idiot. I call for his removal ASAP before further investments are pullout and many more people become jobless!!!

Yang pelik why taking so long to charge Najib... ingatkan dah ade semua bukti2 kejap since 2015.. the reason PH voters voted them in like crazy??

Hmmm.. evidence not complete? Not kejap? Raid homes only found Rosmah's handbags.. so these PH voters pakat main agak2 menuduh Najib and Rosmah all those years???

OR..

Satu tuduhan keatas najib, 4fingers pointing back to PH leaders?? Are these the reasons for all tbe delays.. trying to find and clean-uo documents and traces tht the 4fingera are pointing back at themselves??

Theres just to many cases to charge when it comes to najib. Theyve tried sorting through the order i suppose ?

They said they want to make it iron clad. Make sense cause najib may try to wringgle out of the case with technicallities. Remember anwar case ? Judge believe it happened but the evidence got screwed. Technicalities

Welcome to this blog Professor Nasi Lemak.I hope you will become a permanent feature of this blog.Now we have prof kangkung,prof sawi and Professor Nasi Lemak.As people say,the more the merrier.Prof Kangkung